Bitcoin, the leading cryptocurrency, has recently transitioned into a bearish phase following a brief period of growth, experiencing a decline of nearly 4% in the last 24 hours. Despite this downturn in price, Bitcoin has demonstrated strong performance in the realm of Spot Exchange-Traded Funds (ETFs).
Investors in Bitcoin ETFs remain resilient amid the cryptocurrency's price drop, indicating confidence in the asset's long-term potential. The market's reaction highlights a distinction between Bitcoin's spot performance and its volatility in trading.
